Intuitive Machines announced it has entered into a definitive securities purchase agreement with a certain institutional investor for the issuance and sale of stock and warrants in exchange for a $20M equity investment. The agreement is expected to close on September 5, subject to customary closing conditions. Intuitive Machines intends to use the net proceeds for general corporate purposes and working capital needs as the company ramps activity across key growth programs. As a result of this investment, the Company does not currently expect the need to utilize the previously disclosed and unused $50M Committed Equity Facility.
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